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English definition of “tax threshold”

tax threshold

noun [C]     TAX, FINANCE, ACCOUNTING
the level of income or money earned above which people or companies must pay tax , or must pay a higher rate of tax : The government has announced a rise in the tax threshold for lower-paid workers . Where investors fall below the income tax threshold , there may be cases where they would pay no tax at all on their fund . You need to plan very carefully your mix of earnings and investment to stay beneath the higher-rate tax threshold .
(Definition of tax threshold noun from the Cambridge Business English Dictionary © Cambridge University Press)
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